KKR’s Axel Springer locks down deal for Politico
KKR-backed Axel Springer has agreed to purchase Politico in a deal that’s reportedly valued at over $1 billion, as private equity firms continue to grow their media industry influence. Reports emerged last week that the German publisher was exploring an investment in or full buyout of Politico. A $1 billion deal would amount to five times the news […]
ATP Secures Significant Growth Investment From Accel-KKR
ATP, a leading provider of aviation software solutions and information services, announced that it has secured a significant growth investment from Accel-KKR. This transaction follows Accel-KKR’s initial investment in ATP in mid-2020 in partnership with existing investor ParkerGale Capital. The new investment will fuel continued market expansion for ATP and Flightdocs by accelerating go-to-market and […]
Toshiba in talks with four investment firms for strategic ideas
Toshiba Corp is in talks with at least four global private equity firms including KKR & Co Inc and Blackstone Inc to seek their ideas for its new strategy, three sources with knowledge of the matter said. Bain Capital and Canadian investment firm Brookfield have also been tapped by the scandal-hit Japanese conglomerate’s strategic review […]
Medmen Enterprises Inc. Announce $100 Million Private Equity Investment And Tilray Inc. Acquires Stake in MedMen
Medmen Enterprises Inc. (OTCMKTS: MMNF) has announced that various investors, spearheaded by Serruya Private Equity, will purchase around $100 million worth of its units at $0.24 per unit. The company will use the $100 million raised from the Private Placement to expand operations in major markets such as Florida, Illinois, California, and Massachusetts and expedite […]
Mubadala joins consortium to take 47% stake in South Korean Botox maker
Mubadala Development Company, Abu Dhabi’s sovereign investment arm, and a group of other investors have bought a 46.9% stake in South Korean Botox maker Hugel. The consortium led by CBC Group, Asia’s largest healthcare investment company, signed a “definitive agreement” to acquire the stake in Hugel, which has a market capitalization of $2.5 billion, Mubadala […]
Blackstone in talks to buy Baring’s Interplex for at least $1 bln
Blackstone (BX.N) is in talks to acquire Interplex Holdings, a Singapore-based technological services provider owned by Baring Private Equity Asia (BPEA), in a deal worth at least $1 billion, according to two people with knowledge of the matter. Final negotiations could still take weeks and there is no certainty in a deal yet, said the […]
Goldman Sachs to acquire NN Investment Partners for $1.9bn
Goldman Sachs Group has agreed to buy the money-management operation of Dutch insurer NN Group for about $1.9bn (€1.6bn). The transaction is expected to close by the end of the first quarter of next year, subject to regulatory approvals. Netherlands-based NN Investment Partners has $355bn in assets under the supervision and approximately $70bn in assets […]
Abu Dhabi fund set to take stake in broadband challenger Cityfibre
A group of investors including Abu Dhabi’s sovereign wealth fund is said to be close to taking a stake in Cityfibre in a deal valuing the Goldman Sachs-backed broadband firm at around £2bn. Abu Dhabi’s Mubadala Investment Company and Interogo Holding — the investment arm of the group behind Ikea — are leading the swoop […]
CVC Capital Completes $700M Purchase of RiverStone Europe from Fairfax and appoints Chair
CVC Capital Partners (CVC) funds have completed the acquisition of RiverStone Europe from Fairfax Financial Holdings Limited (Fairfax) and OMERS, the pension plan for Ontario’s municipal employees. The RiverStone Europe Group will now operate under the name RiverStone International. The purchase price of the acquisition is approximately US$700 million. Fairfax also will be entitled to […]
Boeing plans to invest in Virgin Orbit’s $ 3.2 billion SPAC listing
Richard Branson’s Virgin Orbit said Boeing will invest in a $ 3.2 billion SPAC listing of a satellite launch startup scheduled for later this year. This investment is because the plane maker’s own space program faces hurdles. Virgin Orbit said it will be listed on the Nasdaq stock market by merging with former Goldman Sachs […]
